For Nasdaq’s Greifeld, a Hard Day’s Night

Facebook’s investor roadshow was followed by media and fans with a zeal usually reserved for pop stars. Now, Nasdaq’s CEO Bob Greifeld is getting similar treatment.

His is just for less-happy reasons stemming from the exchange’s mishandling of trading for the stock’s debut.

After delivering an investor presentation to a packed room at a Sandler O’Neill conference, Greifeld and his deputies were followed by cluster of reporters to a private meeting with investors that was rapidly closed to outsiders.

Afterward, he was trailed by TV cameras and microphones as he headed for the exit and boarded a black GMC Denali–though not before confronting another TV crew waiting outside the event.

Nasdaq on Wednesday unveiled a proposal to pay firms damaged by the technology problems that hit the Facebook IPO, earmarking about $13.7 million in cash alongside about $26 million in discounts to trading fees targeted toward the affected firms.

Comments (1 of 1)

If the folks at Tiger Fund were smart enough to read the tea leaves and benefit from their analysis, then how can the folks that claim the only reason that they lost money on FB was somehow only Nasdaq's fault and that they need to be made whole? What about the layman customers that are still having ice melting in their hands? Any "Bailout for their losses? This reminds me of the big banks getting bailed out in their mortgage loan losses while their customers are getting thrown out of their under water houses. The bigger the "Cry Babies" the bigger their bailout. Seems unfair.

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